{"id":57000,"date":"2023-02-24T16:23:20","date_gmt":"2023-02-24T05:23:20","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=57000"},"modified":"2025-11-11T19:24:52","modified_gmt":"2025-11-11T08:24:52","slug":"friday-24th-february-2023-asian-markets-breath-a-sigh-of-relief","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/friday-24th-february-2023-asian-markets-breath-a-sigh-of-relief\/","title":{"rendered":"Friday 24th February 2023 : Asian markets breath a sigh of relief"},"content":{"rendered":"<h3><span style=\"font-weight: 400;\">Global Markets:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asian Stock Markets : Nikkei up 1.13%, Shanghai Composite down 0.62%, Hang Seng down 1.33%, ASX up 0.30%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1832.50 (+0.31%), Silver at $21.31 (0.00%), Brent Oil at $82.94 (+0.89%), WTI Oil at $76.06 (+0.89%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.869, UK 10-year yield at 3.610, Germany 10-year yield at 2.468<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">News &amp; Data:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Belgian NBB Business Climate -12.8 vs -12 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) NHPI m\/m -0.20% vs 0.10% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) German 10-y Bond Auction 2.56|2.0 vs 2.27|1.5 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) German ifo Business Climate 91.1 vs 91.1 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CHF) Credit Suisse Economic Expectations -12.3 vs -40 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) German Final CPI m\/m 1.00% vs 1.00% expected<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Markets Update:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Asian stock markets are trading mostly lower on Friday, despite the broadly positive cues from Wall Street overnight, as the markets remain concerned over the outlook for interest rates after the US Fed&#8217;s minutes offered few surprises but reiterated that the central bank will continue to raise interest rates in its battle against inflation.\u00c2&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Australian stock market is notably higher on Friday, recouping some of the losses in the previous three sessions, with the benchmark S&amp;P\/ASX 200 moving above the 7,300 level, following the broadly positive cues from Wall Street overnight, with gains in technology, energy and financial stocks. The Japanese stock market is significantly higher on Friday, recouping the losses in the previous two sessions, even as the domestic inflation hit the highest in over four-decades. Hong Kong\u00e2\u20ac\u2122s Hang Seng index slumped 1.4%, driven by an over 4% loss in Alibaba Group Holding Ltd.\u00c2&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The dollar index, which measures the safe-haven dollar against six peers, was hovering at 104.63, not too far from a seven-week high of 104.78. After trending lower in recent sessions, the price of crude oil showed a strong move back to the upside on Thursday, despite a bigger than expected increase in U.S. crude oil inventories.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Upcoming Events:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">01:30 PM GMT &#8211; (USD) Core PCE Price Index m\/m<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:00 PM GMT &#8211; (USD) New Home Sales<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Day 3 &#8211; (All) G20 Meetings<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The dollar index, which measures the safe-haven dollar against six peers, was hovering at 104.63, not too far from a seven-week high of 104.78. After trending lower in recent sessions, the price of crude oil showed a strong move back to the upside on Thursday, despite a bigger than expected increase in U.S. crude oil inventories.<\/p>\n","protected":false},"author":8,"featured_media":62731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-57000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/comments?post=57000"}],"version-history":[{"count":3,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57000\/revisions"}],"predecessor-version":[{"id":62756,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57000\/revisions\/62756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media\/62731"}],"wp:attachment":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media?parent=57000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=57000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=57000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}